Gold is creating ascending corrective channel
Updated
Ascending corrective phase could be an assurable pattern for a short position! However, patience is the key factor for higher reward. The price can go either upwards or downwards. A candle-closed channel break out and another ascending correction can be a really strong signal for short position. Patience is the key!
Note
The corrective phase is now extended and more developed, waiting for further swing highs and swing lows. Subsequently, the bearish impluse could get much stronger.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.